2012-09-28T14:34:55-05:00 2012-06-30 560572048 COSTELLO HILL & COMPANY LLP 1112 MAGNOLIA STREET GREENSBORO NC 274011426 990 2011-07-01 561704433 PIEDMONT LAND CONSERVANCY PIED 3366910088 P O BOX 4025 GREENSBORO NC 27404 STEPHEN W EARP 3363785314 2012-09-17 1 W GREGORY ASHLEY P00297931 3362743281 2011 2016-02-24 21:20:13Z KEVIN REDDING 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 1284609 0 X WWW.PIEDMONTLAND.ORG X 1990 NC PROTECTION OF NATURAL AND SCENIC LANDS, FARMS, AND GREEN SPACE IN PIEDMONT NORTH CAROLINA 18 18 11 75 0 0 3194693 1129426 40137 29700 53477 59936 29514 16102 3317821 1235164 0 0 0 0 353897 356220 0 0 89683 2129787 915783 2483684 1272003 834137 -36839 10177475 10048983 19992 23133 10157483 10025850 THE MISSION OF PIEDMONT LAND CONSERVANCY IS TO PROTECT NATURAL AND SCENIC LANDS, FARMS, AND GREEN SPACE IN PIEDMONT NORTH CAROLINA TO ENRICH THE QUALITY OF LIFE FOR OUR COMMUNITIES AND FUTURE GENERATIONS. 0 0 892625 699337 LAND PROTECTION PROJECTS - DURING 2012, PIEDMONT LAND CONSERVANCY PLACED 637 ACRES OF PROPERTY UNDER PERMANENT CONSERVATION EASEMENTS. BASED ON APPRAISALS, THE VALUE OF THE PROPERTY PROTECTED BY THESE EASEMENTS WAS $1,376,800. THE VALUE OF DONATED EASEMENTS IS NOT RECORDED ON THE ORGANIZATION BOOKS, SO THE VALUE SHOWN HERE IS IN ADDITION TO THE EXPENDITURES SHOWN ABOVE RELATED TO LAND PROTECTION. 123890 29700 PUBLIC EDUCATION - PIEDMONT LAND CONSERVANCY CONDUCTED SEVERAL COMMUNITY EVENTS DESIGNED TO INCREASE PUBLIC AWARENESS OF THE CRITICAL NEED TO PRESERVE OPEN SPACES AND FARMLAND IN THE RAPIDLY-DEVELOPING PIEDMONT AREA OF NORTH CAROLINA. THESE EVENTS INCLUDED OPEN HOUSES AND CLEAN-UP SESSIONS OF PROTECTED PROPERTIES, VISITS TO SCHOOLS, PRESENTATIONS TO CIVIC CLUBS AND CHURCH GROUPS, AND OTHER MEANS OF INCREASING AWARENESS OF THE NEED FOR LAND PRESERVATION. 107246 LAND STEWARDSHIP - MOST OF THE LAND PROTECTION PROJECTS OF THE ORGANIZATION CARRY A PERPETUAL STEWARDSHIP OBLIGATION. PIEDMONT LAND CONSERVANCY IS CHARGED WITH MONITORING THE USE OF PROPERTY UNDER CONSERVATION EASEMENTS. IN FULFILLING THIS RESPONSIBILITY, AGENCY PERSONNEL VISIT ALL PROTECTED PROPERTIES AT LEAST ONCE ANNUALLY TO OBSERVE THE PROPERTY FOR APPROPRIATE USES UNDER THE EASEMENT OR PURCHASE AGREEMENTS. 5074 5074 1123761 1 1 0 0 0 0 1 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 11 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NC X X KEVIN REDDING 3366910088 1515 W CORNWALLIS DRIVE GREENSBORO NC 27408 MARY ELLEN BOELHOWER 1.00 X 0 0 0 EDWARD W EVANS 1.00 X 0 0 0 JIM BROOKS 1.00 X 0 0 0 SHERRY DUVALL FORD 1.00 X 0 0 0 JOHN A MCLENDON JR 5.00 X 0 0 0 SCOTTIE GALLOWAY NEILL 1.00 X 0 0 0 STEPHEN EARP 3.00 X X 0 0 0 LAMAR TAFT 1.00 X X 0 0 0 MARY JOAN PUGH 1.00 X 0 0 0 JOHN MARTIN 2.00 X X 0 0 0 LEWIS BRANDON III 1.00 X 0 0 0 C ROYCE HOUGH 1.00 X 0 0 0 A BARRY NELSON 1.00 X 0 0 0 WILLIAM DAVIS 3.00 X X 0 0 0 CAROL FOUNTAIN 1.00 X 0 0 0 GRACE MURRAY BROUGHTON 1.00 X 0 0 0 BOB SEGAL 1.00 X 0 0 0 MARJORIE MOSER RANKIN 1.00 X 0 0 0 KEVIN REDDING 40.00 X 64336 0 3551 KALEN KINGSBURY 40.00 X 55200 0 9311 119536 0 12862 0 0 0 0 0 17810 699337 412279 13594 1129426 PROTECTED LAND MONITOR 531390 29700 29700 29700 59936 59936 60473 49445 11028 11028 MISCELLANEOUS 531390 5074 5074 5074 1235164 34774 0 70964 119536 77007 30619 11910 172381 132758 5439 34184 5747 4136 708 903 31513 22629 3899 4985 27043 19492 3327 4224 5834 5834 17580 12398 2338 2844 41886 40735 519 632 7422 5610 775 1037 20676 14581 2750 3345 13460 12482 262 716 6237 4398 830 1009 LAND PROJECTS 696626 696626 PROPERTY TAXES 28135 28135 EQUIPMENT MAINTENANCE 21325 15038 2836 3451 LOSS FROM UNCOLLECTABLE 14958 14958 41644 31902 4257 5485 1272003 1123761 58559 89683 661357 545184 84423 28157 156382 106556 9210 8306 67790 55283 18744 12507 352827 351574 8894532 8996699 10177475 10048983 19992 23133 19992 23133 X 5616705 5914745 2374428 1960716 2166350 2150389 10157483 10025850 10177475 10048983 X -36839 -94794 X 0 1 1 X 0 X 1713826 2732914 1297815 3194693 1129426 10068674 1713826 2732914 1297815 3194693 1129426 10068674 10068674 95096 71434 56944 53477 59936 336887 10241 7285 2117 13821 5074 38538 10444099 226340 0.96410 0.96380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 71 9609.00 0 1 1 1637.00 107246 1 1488283 80370 -27643 49384 19308 1472318 1116225 157555 269759 36233 19023 1488283 809118 237409 113924 28170 16056 1116225 673534 261534 -90870 25927 9153 809118 1.00000 1 0 67790 55283 12507 12507 BENEFICIAL INTEREST IN TRUSTS 1472318 CONSERVATION EASEMENTS 71 PROTECTED LAND 7406182 DEPOSITS ON LAND PROJECTS 118128 8996699 1235164 1272003 -36839 -94794 -94794 -131633 1140370 -94794 -94794 1235164 0 1235164 1272003 0 1272003 0 1272003 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: CONSERVATION EASEMENTS HELD BY PIEDMONT LAND CONSERVANCY ARE REPORTED ON THE FINANCIAL STATEMENTS AT A NOMINAL VALUE OF $1 PER EASEMENT. THE ORGANIZATION FEELS THAT EASEMENTS DO NOT MEET THE DEFINITION OF AN ASSET AS DEFINED IN CONCEPT STATEMENT 6 OF THE FASB AND THEREFORE SHOULD NOT BE VALUED AT ANY SUBSTANTIVE AMOUNT ON THE BALANCE SHEET. WHEN AN EASEMENT IS PURCHASED, THE PURCHASE PRICE IN EXCESS OF $1 IS CHARGED TO LAND PROJECTS EXPENSE. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TO PROVIDE PERPETUAL FUNDING FOR STEWARDSHIP REQUIREMENTS ON LAND AND EASEMENTS CONTROLLED BY THE ORGANIZATION. LAND JAM BLUEGRASS MUSIC EVENT 39691 39691 29458 JOHN HART BOOKSIGNING EVENT 13517 13517 14508 2 7265 7265 5479 60473 60473 49445 49445 11028 X 2 4 NOMINAL $1 PER EASEMENT 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE MEETS WITH THE ORGANIZATION'S OUTSIDE AUDITOR EACH YEAR TO REVIEW THE FINANCIAL STATEMENTS AND FORM 990. A DRAFT OF THE FORM IS CIRCULATED TO EACH FINANCE COMMITTEE MEMBER PRIOR TO THE MEETING AND ANY QUESTIONS ADDRESSED AT THE MEETING. CHANGES ARE INCORPORATED INTO THE FINAL VERSION OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD PRESIDENT AND EXECUTIVE DIRECTOR ARE CHARGED WITH MONITORING FOR CONFLICTS. IN ADDITION, ALL BOARD MEMBERS ARE RESPONSIBLE FOR DISCLOSING ANY POTENTIAL CONFLICTS AT THE BEGINNING OF EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE IS CHARGED WITH EVALUATING THE EXECUTIVE DIRECTOR'S PERFORMANCE AND MAKING A RECOMMENDATION TO THE BOARD OF DIRECTORS FOR ANY CHANGES IN THE EXECUTIVE DIRECTOR'S COMPENSATION. THE COMMITTEE GATHERS COMPARABLES FROM OTHER LAND TRUSTS AND SIMILAR-SIZED NONPROFIT ORGANIZATIONS WITHIN THE GEOGRAPHIC REGION. FORM 990, PART VI, SECTION C, LINE 19 PIEDMONT LAND CONSERVANCY'S FINANCIAL STATEMENTS, BYLAWS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -94,794.